0914 GMT - British Airways owner IAG appears to be flying high and with confidence, Interactive Investor's Richard Hunter says in a note to clients. The airline group's buyback of up to 1 billion euros comes as full-year cash flow surged to 3.56 billion euros from 1.32 billion euros. Revenue growth was supported by a 9.5% bump in passenger sales and a 6.7% rise in cargo sales. "Despite the obvious economic challenges which many consumers are currently facing, the annual holiday seems to have become shielded from day-to-day financial constraint," Hunter says. Shares trade up 4.5% at 354.0 pence. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 28, 2025 04:14 ET (09:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.